NEW BOSTON SPECIAL INDUSTRIAL DEVE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

DAVID DANIEL

Phone

9036280411

Tax Period

2024-01-01 to 2024-12-31

NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit that reported $514K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $241K, a strong 47% operating margin.

Mission

TO PROMOTE INDUSTRIAL DEVELOPMENT IN AND AROUND NEW BOSTON, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $98,454

COLLECTION OF SPECIAL SALES TAX WHICH IS USED TO ENTICE INDUSTRIAL DEVELOPMENT BY PROVIDING LAND, INFRASTRUCTURE, AND FACILITIES IN AND AROUND NEW BOSTON, TEXAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $26,982

Other Revenue $486,635

TOTAL REVENUE $513,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,203

Fundraising Expenses $0

Program Expenses $98,454

Other Expenses $186,253

TOTAL EXPENSES $272,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$513,617	$453,716	+0.1%
Expenses	$272,456	$207,741	+0.3%
Net Income	$241,161	$245,975	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID DANIEL	PRESIDENT	Director	$0	$0	$0
CHAD DUFFER	VICE-PRESIDENT	Director	$0	$0	$0
RONNY LOONEY	DIRECTOR	Director	$0	$0	$0
LYNN DAVIS	DIRECTOR	Director	$0	$0	$0
JIMMY HOWELL	DIRECTOR	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$513,617	$272,456	$6,466,507	$241,161
2023	$453,716	$207,741	$6,225,346	$245,975
2022	$599,114	$63,741	$5,979,371	$535,373
2021	$518,496	$95,993	$5,444,856	$422,503
2020	$452,901	$67,647	$3,847,828	$385,254
2018	$416,037	$279,191	$3,344,920	$136,846

NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORPORATION